Sales Promotion and Personal Selling
NIOS · Class 10 · Business Studies
Quick revision notes for Sales Promotion and Personal Selling — NIOS Class 10 Business Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Meaning of Sales Promotion
- Sales promotion means all activities other than advertising and personal selling that help increase sales of a particular product.
- It uses short-term and non-recurring methods.
- These offers are not available throughout the year.
Importance of Sales Promotion
- It helps increase sales in a competitive market and thus increases profits for manufacturers.
- It helps introduce new products by drawing the attention of potential customers.
- It helps dispose of existing stock quickly when new products are introduced or when tastes change.
Tools of Sales Promotion
- Free samples are small quantities of a product given to attract consumers and create new customers.
- Free samples may be given even without a purchase.
- Selected people such as physicians for medicines or teachers for specimen textbooks may receive samples.
Meaning and Elements of Personal Selling
- Personal selling means presentation of goods and services before customers and convincing them to buy.
- It involves face-to-face interaction and physical verification of goods.
- A salesperson shows goods, explains features, demonstrates use, informs price and concessions, and persuades the buyer.
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